Payroll Calculations
& Processing

Payroll Calculations & Processing

When it comes to selecting a payroll system, it is very important to ensure you choose the system that best fits your processes and capabilities. There are a wide range of factors that you must keep in mind before implementing a payroll system. Analysing your business, is the most important step in deciding what you are willing to spend on a payroll system.

By determining your business needs and budget, and what features and automation you need. That is when you are able to approach a vendor about making a decision for an automated payroll processing and calculations system. Due to the complexity of payroll calculations and processes. DHRP is helping to ensure that our system allows for automated calculations and processing ensuring minimal errors and improves accuracy,

Payroll Calculations

Allows an automated system to take care of your payment processes, automating multiple earnings and deductions based on different periodic attendance. Rather than manual payment processes for superannuation and taxes, Dynamics HR & Payroll uses an integrated payroll system for processing and calculations.

Working hourly wage paycheck calculator - The base salary is computed based on the working hours of the period.
Earnings and payroll deductions based on periodic attendance, total hours and Leaves. Attendance and Leaves data used for the computation of payroll.
Leave Loading - An employee can take leave loading, with the ability to define the rates on leave as well.
Superannuation Calculation and Recording - Superannuation calculated and recorded against eligible employees.
Employee and employer payroll tax calculator - Tax Deduction calculator and employer tax contributions can be calculated by the system automatically using a payroll tax withholding calculator. Based on the Employee salary, Tax region and Visa status.
Payroll Register for detailed Payroll Data - Payroll Administrator can generate full Payroll register for reconciliation and analysis.
Clock in and out Timesheet Give the employees access to multiple ways of clocking in, whether at kiosks, on tablets or mobile devices.
Flexibility to process payroll multiple times for a different set of workers - Payroll can be prepared for different frequencies as well as varying times. The user can generate either for all workers or group of workers even for an individual worker for each period using a payroll hours calculator & timesheet calculator.
Payroll Integration with Accounts Payable and Financials modules - Payroll posting is wholly integrated with the payroll module. The user can define the ledger accounts for different payroll codes. As well as the dimensions against each employee for well-defined financial reporting, using an online payroll calculator.

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Payroll Calculations
& Processing